HSBC Securities Services has partnered with Lion Global Investors to connect a Singaporean domestic fund to its electronic, securities processing platform.
Many large financial institutions operating in the US and Europe only distribute funds to which they can link electronically. The trend is now emerging in Asia, enabling the growth of cross border distribution of Asian domestic funds.
Tony Lewis, head of HSBC Securities Services, Singapore said: This is an important milestone for our Global Distribution Support and Transfer Agency (GDTA) operation. The needs of our clients are front and centre of our GDTA proposition, and enhancing our product offering to support the distribution strategies of our clients has long been a key focus. We are delighted to be first to market in Singapore.
Collaborating with HSBC, Lion Global Investors is the first to take advantage of linking to an electronic, securities processing platform.
Whee-Leng Cheong, head of Business Development, Americas at Lion Global Investors said: This is a critical move forward in our strategic growth initiatives beyond the shores of Asia. With this platform, Lion Global Investors is able to extend its products and expertise into new markets and in turn globalizes the brand. We are very pleased to be part of this ground breaking development.
(JDC)